Three US spot HYPE ETFs recorded $161 million in net inflows one month after THYP launched on Nasdaq. The inflows occurred amid restricted direct access for US investors to the Hyperliquid platform.
June 5 marked the sole trading day with an outflow, totaling $2.9 million from BHYP. All other sessions since the launch showed positive flows.
Hyperliquid restricts US users from its platform, positioning the ETFs as the primary route for American investors to gain exposure to HYPE. The token reached an all-time high of $75.48 on June 2 and trades near $61.
The underlying platform reported $240.5 billion in 30-day perpetual futures volume according to DeFiLlama. Annualized fees exceed $1 billion, with most revenue directed to token buybacks.
Bitwise CIO Matt Hougan noted the market remains early in its adoption. Presto Research head Peter Chung observed institutions entering HYPE ETFs at a faster pace than Bitcoin ETFs on a market-cap-adjusted basis.
